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Low Numbers For Football Pools Group
3/26/10 - The predominently football pools betting group Sportech plc has unveiled a disappointing set of numbers that show the group's nlne casino poker and bingo operations have been underperforming, affecting overall operating profit, which fell by 14 percent to GBP 19.5 million over the year 2009. EBITDA dropped by 12 percent to GBP 14.7 million.
“That the decline in profitability is due primarily to our continued investment in establishing our online football pools business and the underperformance of our e-gaming business is testament to the resilience of the business in these tough times," said chief executive Ian Penrose, giving an assurance that strong action has been taken to address the underperformance.
Operating highlights included Sportech’s acquisition of Scientific Games Racing (SGR), the pari-mutuel technology provider and venue management business division of US giant Scientific Games, and a joint venture in India with Playwin, the Indian lottery and gaming brand owned by Essel Group
“The strategic acquisition of SGR, together with our entry into the Indian market in partnership with one of India’s leading organisations, offers a unique opportunity to build a profit focused, global gaming business from strong pari-mutuel sporting and technology foundations,” said Penrose.
Sportech secured GBP 90.8 million in revised banking facilities valid to 2013 at the end of 2009, giving the group the flexibility to grow organically and make acquisitions, the chief executive said.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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